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Since the start of the new year, foreign clubs have been eligible to open pre-contract talks with the 26-year-old defender over a free transfer in the summer.
Rather than cash in on Alexander-Arnold during the January transfer window, the Reds refused to be bullied into a sale.
So, with that being said, the Echo has rounded up everything you need to know about Alexander-Arnold's future at Liverpool.
Javier Tebas has broken his silence after Real Madrid reportedly threatened to quit LaLiga.
I'm still in the starting eleven, which is what's important to me."
According to The Telegraph, Real Madrid plan to step up their attempts to sign Alexander-Arnold after missing out in January.
The report states that the Spanish giants view the Liverpool star as a long-term successor to Dani Carvajal.
It's said that Real Madrid made a £20m bid for Alexander-Arnold in the winter window, but there was 'no expectation of a deal progressing'.
The Englishman only has five months or so left on his contract at Anfield.
Speaking to the BBC in September 2024, Alexander-Arnold said: "I want to be a Liverpool player this season [as a minimum] is what I will say.
The Liverpool defender said: "There is nowhere else I’d rather be than Liverpool.